Thu, Apr. 30, 4:13 PM
Thu, Feb. 12, 4:10 PM
Wed, Feb. 11, 5:35 PM
Nov. 6, 2014, 9:21 AM
- Though it beat Q3 EPS estimates and posted in-line revenue, Web.com (NASDAQ:WWWW) guided on its CC (transcript) for Q4 revenue of $137M-$139M and EPS of $0.55-$0.57, below a consensus of $147.4M and $0.63. The midpoint of the revenue range assumes a $0.70 Q/Q drop in ARPU.
- CEO David L. Brown noted "the increased availability of [domain] names has had a near-term negative impact on domain-related revenue," primarily related to "non-core domain-related revenue such as sales of premium domain names and bulk domain sales."
- Meanwhile, non-domain businesses (do-it-yourself websites, hosting, etc.) have been hurt by the "unintended consequences" of new marketing/bundled pricing tactics on product retention, and "the unanticipated impact of recent changes made by one of our highest-converting do-it-for-me lead generation partners" on telesales.
- In tandem with its results/guidance, Web.com has launched a $100M buyback. After accounting for the post-earnings drop, it's good for repurchasing 12% of shares at current levels.
- JPMorgan has downgraded Web.com to Neutral, and cut its target by $15 to $20.
- Q3 results, PR
Nov. 5, 2014, 4:11 PM
Jul. 31, 2014, 6:04 PM
- Along with its Q2 results, Web.com (NASDAQ:WWWW) announces it's buying Scoot, owner of a U.K. online directory service with 2.6M+ listings. Web.com declares the deal gives it "a foothold in the UK market as we begin to build our knowledge base and a platform to serve the international markets." Terms are undisclosed.
- Q2 revenue was hurt by a decline in net customer adds to 38.5K from Q1's 50.6K. Total customers stood at 3.21M at quarter's end.
- ARPU was $14.89, up $0.14 Q/Q and $0.80 Y/Y. Churn was flat Q/Q and Y/Y at 1%.
- $35M in debt was paid down. Web.com ended Q2 with $14.6M in cash, and $527.1M in debt. The deferred revenue balance stood at $406.8M.
- The company says it's prioritizing "resources into the areas of our business that are driving strong growth and profitability while de-emphasizing those that are lower-margin and non-core."
- Q2 results, PR
Jul. 31, 2014, 4:24 PM
May. 1, 2014, 4:42 PM
Feb. 6, 2014, 4:17 PM| Comment!
Feb. 6, 2014, 12:10 AM| 4 Comments
Feb. 5, 2014, 5:35 PM| 2 Comments
Nov. 6, 2013, 9:50 AM
- Web.com (WWWW +10.5%) shares jump after the company beat consensus on EPS and posted in-line revenue in Q3.
- Investors were pleased by better-than-expected user metrics: subscribers increased 1% Q/Q to 3.088M, ARPU increased 1.7% Q/Q to $14.33, and monthly retention rate remained at ~99%.
- Management guided for Q4 revenue of $138.7M-$139.7M (vs. consensus of $139.1M) and EPS of $0.57-$0.58 ($0.56).
- Conference call (transcript)
Nov. 5, 2013, 4:50 PM
Aug. 1, 2013, 4:04 PM
May. 2, 2013, 4:25 PM
Feb. 8, 2013, 1:12 PMWeb.com (WWWW +10.7%) soars after beating Q4 estimates. The provider of Web site/domain name services for SMBs guided on its earnings call for Q1 revenue of $126.5M-$128M and EPS of $0.44-$0.46, in-line with a consensus of $127.9M and $0.45. Subscribers rose by 18K in Q4 to 3M, ARPU rose 2.1% Q/Q to $13.77, and adjusted EBITDA margin grew by 400 bps Y/Y to 30%. 24.5% of the float was shorted as of Jan. 15. | Comment!
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